Will the Token Distribution System of EOS allow the price to skyrocket ? Not really sure, at least not yet.
Hey guys,
Today I would like to talk about EOS and its distribution scheme.
It is increasing by around 10%, and some people start to get interested about the project, ask where the price could go etc etc.
First, I must say, I'm 100% behind Dan and of course his project. For me Dan Larimer is one of the most talented genius in our crypto world. He is a visionary and he has a sense of "what-people-will-need-in-the-future".
I hold a lot of EOS but I must say : I don't see the price of EOS going extremely high and crazy before a year time.
Why ?
Because of its distribution token. The system in place was a great way to allow people get the time to buy EOS and not only whales during ICO.
This good system has a side effect.
Every time, tokens are added to the market, there is a small impact on the price (could be an increase or decrease).
The price of a token is relating to its market cap and circulation supply.
On a basis, let say for the same market cap, the price could go down when you ad more tokens. But also It could not move at all, or it could move a bit higher. But not skyrocket yet.
When we will reach the 1 000 000 000 tokens in circulation, the price will set up at its real value and that will leave the way to going up and up and ... euhhh ... up.
Every 23 hours, 2 000 000 tokens are distributed on 350 periods.
For now, we are here :
Period 129 with 221 period left, which means around 211 days.
The distribution works as follow :
That's why, I presume EOS will reach its full capacity and its potential in about a year from now.
For now, EOS has a market cap of 341 161 639$ with 440 022 337 tokens in circulation for a price of 0.775328 per token (at time of writing)
EOS, the future.
Happy life
I dont understand why the circulating supply on coinmarketcap is much lower than the distributed amount eos.io is showing on their website ?
Because on Coinmarketcap, it is the the total of tokens in circulation (the Total supply is just next to it).
On EOS website, 1 Billions is the total of tokens. They won't make more than that.
Nono I know how the distribution works :) On EOS.io total tokens distributed is 556M/1B while on coinmarketcap they talk about 441M tokens in circulation. You can see it on the screenshots of this post also.
It may have to do with the 20000000 being held by the foundation fore core development. So there may only ever be 80000000. In circulation. Where's 20000000 would be amongst the foundation itself not public but I am not one to say on this.
Thank You Kindly
Isnt that 100M ? But indeed could be something like that.
actually yes 10000000 would put more precise perspective with circulation I suppose at the moment I'm not Sure to be honest if it is another 100M at the Inception for holdback .....but if there was only 800M-900M in circulation would be less to go around so that would mean Good For those that Have them when "all things" involved within EOS start to really MoVe.
Thank You Kindly
Maybe 556M is the token left to distribute.
Because 556 + 441 (ish) it's around 1 billion
Nono because the bar on EOS.io keeps on increasing :)
I don't know my friend =D
They might not be accurate on CoinMarketCap
I know sometimes they struggle with API connections
I like EOS and am buying a bit each month.
Given number of coins and where the market cap could sit at the end of the token sale, it may not go through the roof, but it seems like a good quality purchase that will go up from where it is now
Agree. Glad to know that you are holding some EOS too =)
And if EOS and BTS find a way to work together in parallel, that could be something huge.
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i hope you're right. i just discovered EOS a couple of months ago and I'm buying as much as i can. I am no whale, i'm just a plankton - but i don't want to miss spaceship!
Haha welcome to plankton world then =D
Great
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221 perods left means 211 days
How did you end up with 211?
Maybe I'm wrong but how I did :
221 periods of 23 hours
Means for 24 hours it is missing 1 hour
221 x 1 = 221
221 / 24 = 9.20
So around 9 days
221 + 9 = 230 days
Correct me if I'm wrong, maybe too much beers =D
221 x 1 missing h
221 x 24 = 5304 h
5304-221 = 5083 h
5083 / 24 = ca. 211
i think too much beer :P
Mouahaha shame on me =D
Well I go to sleep less dumb now thanks =D
sure =)
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